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*ST Gaosheng (000971): Progress Of Bankruptcy Of First Largest Shareholder

2019/9/4 16:20:00 2

*ST GaoshengGaosheng HoldingsBlue Ding HoldingsTextile StocksThe Latest Announcement

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2019-100

Gaosheng Cmi Holdings Ltd

Announcement on progress of bankruptcy of Reed, the largest shareholder of the company, Beijing Yu Chi Investment Co., Ltd.

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete, without false records, misleading statements or major omissions.

Gaosheng Cmi Holdings Ltd (hereinafter referred to as "company") published a notice on the court's decision to accept bankruptcy application in July 13, 2019 in the designated information disclosure media about the company's largest shareholder, Beijing Yu Chi Reed Investment Co., Ltd. (Bulletin number: 2019-71). The largest shareholder of the company, Beijing Yu Chi Reed Investment Co., Ltd. (hereinafter referred to as "Yu Chi Reed") is unable to repay its debts due to insolvency and has filed for bankruptcy with the Fangshan District people's Court of Beijing Municipality (hereinafter referred to as "Fangshan court"). In July 11, 2019, the Fangshan court issued (2019) the "civil ruling" of Beijing 0111 Shen Shen 19, ruling that Yu Chi Reed's bankruptcy application was accepted. In July 11, 2019, the Fangshan court issued a notice to the second intermediate people's Court of Beijing (hereinafter referred to as "the Executive Office of the second middle court of Beijing"). (2019) Beijing 0111 broke the Notice No. 3-1, and informed the Executive Office of the second middle court of Beijing to decide to suspend the civil execution procedure for Yu Chi Reed's company stock.

I. progress in bankruptcy matters

Recently, the company received the written notification from Beijing hareen tin Rui law firm that in August 16, 2019, the Fangshan court issued (2019) Jing 0111 break 3-1 decision, and confirmed that Beijing hareun tin Rui law firm acted as the bankruptcy administrator of Yu Chi Reed.

Two, the impact on the company

Up to now, the total number of shares of the company is 1059269925 shares, and Yu Chi Reed holds 158550396 shares of the company's shares, all of which are restricted to the sale of shares, accounting for 14.97% of the total share capital of the company. Yu Chi Reed and the second largest shareholder of the company, LAN Ding Industrial (Hubei) Co., Ltd. (hereinafter referred to as "blue ding industry") were originally under the control of the same actual controller. LAN Ding industries could not repay debts due to insolvency, and filed for bankruptcy reorganization with the Xiantao people's court of Hubei province (hereinafter referred to as "Xiantao court"). In July 3, 2019, Xiantao court issued (2019) the civil ruling of the 9004 e Shen Shen 2, and adjudication accepted the application for the bankruptcy reorganization of the blue ding industry (see the company's disclosure in July 10, 2019 on the 2019-68 Announcement No. 2019-68 of the media on the designated information disclosure of the second largest shareholder of the blue tripod Industrial (Hubei) Co., Ltd., which was adjudication of bankruptcy reorganization application by the court.) Whether or not the bankruptcy of Yu Chi Reed will lead to the change of the company's control power and whether it will cause other effects is uncertain.

The impact of Yu Chi Reed bankruptcy process on listed companies is uncertain. The company will continue to pay attention to the progress of the matter and fulfill the obligation of information disclosure in accordance with relevant regulations.

Three, other tips

The information disclosure media designated by the company are China Securities Daily, Shanghai Securities Daily, securities times, securities daily and www.cninfo.com.cn. All the information of the company is based on the announcement made by the company in the above media.

We invite investors to pay close attention to investment risks.

Notice hereby

Gaosheng Cmi Holdings Ltd board of directors

Two O 19 September 3rd

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2019-101

Gaosheng Cmi Holdings Ltd

Announcement on receipt of the legal documents and proceedings of the third intermediate people's Court of Beijing

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete, without false records, misleading statements or major omissions.

Gaosheng Cmi Holdings Ltd (hereinafter referred to as "company") published a notice on the progress of litigation in the designated information disclosure media in July 27, 2019 (Bulletin number: No. 2019-79). In September 2, 2019, the company received the "civil ruling" issued by the third intermediate people's Court of Beijing (hereinafter referred to as "the third middle court of Beijing") (2019) Beijing 03 and the early Republic of China 223. The relevant matters are hereby announced as follows:

I. background of case

1. Summary of warranty matters

In March 14, 2017, Beijing Yu Chi Reed Investment Co., Ltd. (the largest shareholder of the company, hereinafter referred to as "Yu Chi Reed") signed the loan contract with the lender, Shanghai Xi Lin Cci Capital Ltd (hereinafter referred to as "Shanghai Xi Lin"). The loan amount was RMB 200 million yuan (200000000 yuan), the borrowing interest rate was 7% years, and the borrowing period was 12 months (from March 20, 2017 to March 19, 2018). The company's violation provides joint liability guarantee for the above loans, specifically refer to the "announcement on the progress of external guarantee and capital occupation" published by the company on September 29, 2018 in the designated information disclosure media (Bulletin number: 2018-99).

2. The lawsuit in Shanghai Xi Lin.

In April 4, 2019, Shanghai submitted the civil complaint to the third middle court of Beijing. In May 13, 2019, the company received the summons and related legal documents No. 223 issued by the third middle court of Beijing (2019) Beijing 03 early Republic of China, and detailed information about the announcement that the company received the summons and relevant legal documents and proceedings of Beijing third intermediate people's court in the designated information disclosure media (Bulletin number: 2019-52). After the case was accepted by the third middle court of Beijing, the company raised objection to the third middle court of Beijing. In June 6, 2019, the third Beijing intermediate people's Court issued (2019) the "civil ruling" No. 223 of the Beijing 03 early Republic of China, ruling to dismiss the objection raised by the company over the jurisdiction of the case.

The company received the notification from the Third Hospital of Beijing. The case was opened in August 22, 2019. The company submitted its reply and other relevant information to the court before the court hearing. Shanghai Xi Lin applied for withdrawal on August 22, 2019.

Two. The main contents of civil ruling

According to (2019) the contents of the "civil ruling" No. 223 in the 03 Beijing and early Republic of China, the third middle court of Beijing held that the plaintiff, Shanghai Xi Lin, voluntarily applied for the withdrawal of the case and did not violate the legal provisions. The third middle court of Beijing decided to allow Shanghai Xi Lin to withdraw the lawsuit.

Three, the impact on the company

According to the ruling of withdrawing the case by the third middle court of Beijing, the case has been terminated. The company's violation of Shanghai Xi Lin's warranty has not yet been lifted, and the impact of the warranty on the company's current profits or subsequent profits is uncertain. The company will fulfill the obligation of information disclosure in accordance with the progress of the violation.

The information disclosure media designated by the company are China Securities Daily, Shanghai Securities Daily, securities times, securities daily and www.cninfo.com.cn. All the information of the company is based on the announcement made by the company in the above media.

We invite investors to pay close attention to investment risks.

Notice hereby

Gaosheng Cmi Holdings Ltd

Board of directors

Two O 19 September 3rd

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